4 ms·
>> whatever sovereign is most impacted, will then either outlaw commerce by crypto by force or require parity with the sovereign currency and control of the cry
by jondubois 8y ago
>> whatever sovereign is most impacted, will then either outlaw commerce by crypto by force or require parity with the sovereign currency and control of the crypto currency through tax payments
That's not possible. Even if all the governments of the developed world coordinated to ban cryptocurrencies or impose taxes on them, this will be an opportunity for developing countries to use cryptocurrencies as a competitive advantage to catch up financially.
- throwawaymath 8y agoUh, how?
- sk5t 8y agoI suppose you could hitch your wagon to the Marshall Islands economy and see how that goes.
- skywhopper 8y agoVery curious about how you foresee "developing countries to use cryptocurrencies as a competitive advantage to catch up financially" working if the cryptocurrencies are unusable in larger economies.
- eeZah7Ux 8y agoWhy the downvotes? "traditional" cryptocurrencies are more useful in absence of a stable and reliable banking system and political system. As smartphones spread across developing countries, hypothetical non-minable cryptocurrencies that works well on intermittent or local networking might become relevant.